103 Willow St Yadkinville, NC 27055-6811
- Outlet malls
- 9,077 SF
- 0.91 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 103 Willow St
- Year built
- 2008
- Construction
- CONCRETE
- Lot size
- 0.91 lot acres
- Property size
- 9,077 SF
- Property type
- Outlet malls
- APN
- 130996
- APU
- 130996
Description
This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General store in Yadkinville, North Carolina. The 9,077 square foot building, constructed in 2008, sits on a 1.01-acre lot and boasts upgraded brick construction with a prominent street-facing corner entry. The property enjoys a prime location in the city center, directly off I-601, and benefits from high visibility and proximity to major retailers including Food Lion, Bojangles, Walgreens, CVS, and numerous fast-food restaurants. The property is currently 100% occupied under a Net Lease agreement with a corporate guarantee from Dollar General, providing a secure and passive income stream. The lease features a remaining term of six years, with five additional five-year options, each including a 10% rent increase. This location consistently ranks in the top 15% of Dollar General stores nationwide and the top 11% in North Carolina, according to Placer.Ai, demonstrating exceptional performance and strong tenant demand. The asking price is $1,199,142, representing a 7.00% cap rate and $132.11 per square foot. The property's strong tenant, prime location, and favorable lease terms make it an attractive investment opportunity with significant long-term potential. The tenant pays a fixed monthly maintenance contribution, further enhancing the passive income stream. This is a rare opportunity to acquire a high-performing asset in a thriving market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,345,000
- 6.5%
- $1,390,000
- 7%
- $1,355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,400,000
- Geo Method
- $1,085,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,150,000
- Retail
- $1,350,000
- Mixed-Use
- $1,175,000
- Hospitality
- $1,520,000
- Educational
- $1,330,000
- Residential Income
- $1,440,000
- Energy
- $1,390,000
- Income-Based Land
- $1,470,000
- Food Service
- $1,350,000
Location Insight
- Map
- Local Demand
- City
- Yadkinville
- County
- Yadkin
- State
- North Carolina
- Longitude
- -80.6593
- Latitude
- 36.1327
- CBSA code
- 49180
- CBSA name
- WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
